By: Natalie Greve
The successfully concluded business rescue of Southgold Exploration this week has set a precedent in the South African debt restructuring landscape, demonstrating that ailing businesses had a vehicle through which they could potentially avoid liquidation. “This is probably the biggest and most... →

By: Esmarie Swanepoel
Singapore-listed LionGold would look to raise up to S$202-million through a share placement and warrant issue to fund its acquisition drive.
“The S$200-millio we have proposed raising will provide LIonGold with a war chest to take advantage of the immediate, extraordinary opportunities we have... →

By: Esmarie Swanepoel
China’s Shandong Qixing Iron Tower has raised some $300-million as part of efforts to conclude the acquisition of ASX-listed Stonewall Resources.
In May, the junior gold developer entered into a conditional agreement with Shandong regarding the possible sale of its subsidiary Stonewall Mining... →

By: Henry Lazenby
Indebted miner Great Basin Gold on Thursday said it was to secure a $35-million loan by order of the British Columbia Supreme Court, following its Companies Creditors Arrangement Act (CCAA) filing made on Wednesday.
The company said it had agreed to a “comprehensive” term sheet from its existing... →

By: Henry Lazenby
Toronto-listed Great Basin Gold’s embattled South African subsidiary Southgold Exploration on Tuesday filed for bankruptcy protection under the South African business rescue procedures.
The announcement followed its parent last week suspending all mining operations at its Burnstone mine, in the... →